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MYTH: "I'LL PAY MY TAX IN APRIL"
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Own your truck? Nobody withholds tax from your loads. The IRS wants it 4 times a year. Next due date: Jan 15, 2027.
Wait until April and you can owe an underpayment penalty, even if you pay in full.
📌 Summary:
— Safe harbor: pay 100% of last year's tax (110% if AGI is over $150k)
— Or pay 90% of this year's tax
— Set aside a % of every settlement now
Do you pay estimated taxes every quarter — yes or no? 👇
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@jamshid_cpa
Post #384
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